Sherron Watkins, the Enron vice president who wrote the infamous memo to Ken Lay in August of 2001 warning of her fear that the company was about to "collapse in a wave of accounting scandals", has resigned her position with the company. I have to say, not only did I not realize that she was still employed there, I sometimes forget that there is still an entity called Enron doing business. Enron had been paying the legal bills for employees who were being asked to participate in the various government investigations. Watkins will be on her own in that department now, so that probably means she's not expecting to testify much any more.
She plans to continue speaking and giving lectures, and will explore the idea of consulting on corporate governance.
Watkins, 43, is also collaborating with Texas Monthly writer Mimi Swartz on Power Failure, a book scheduled to come out this spring. The two are sharing an advance of about $500,000.